Real estate major Puravankara has strengthened its expansion plans in Bengaluru by entering into a joint development for a four-acre land parcel on Hennur Road, with an estimated gross development value (GDV) of more than ₹1,300 crore.
The project, located in the rapidly growing northern corridor of Bengaluru, will have a total saleable area of around 0.84 million square feet. The development is expected to benefit from sustained residential demand in the area, driven by proximity to technology parks, improving connectivity, and established social infrastructure.
The latest acquisition aligns with Puravankara’s strategy of expanding in high-potential micro-markets through asset-light partnerships while capitalising on the strong housing demand in the city.
MD Ashish Puravankara said Bengaluru continues to remain one of India’s most resilient residential markets, supported by employment growth and infrastructure investments. He noted that North Bengaluru has evolved into a major growth corridor due to its proximity to Kempegowda International Airport, expanding tech parks, and improving connectivity.
“Hennur Road has witnessed steady traction from homebuyers because of its access to employment hubs and well-developed social infrastructure. This joint development aligns with our strategy of expanding through asset-light partnerships in high-potential micro-markets while delivering thoughtfully designed homes for evolving urban lifestyles,” he said.
Puravankara CEO – South Mallanna Sasalu said the project underscores the company’s focus on expanding across high-demand residential corridors in Bengaluru through capital-efficient partnerships. The project is expected to be launched within the next six to twelve months.
“We are confident the project will see strong buyer interest and further strengthen our Bengaluru portfolio,” Mallanna added.
The Hennur Road development forms part of a broader expansion pipeline the company has built in the city this year. Earlier, Puravankara acquired a 53.5-acre land parcel in Anekal Taluka with a development potential of 6.4 million sq ft and an estimated GDV exceeding ₹4,800 crore.
The developer is also working on a 24.59-acre project at KIADB Hardware Park in North Bengaluru in partnership with KVN Property Holdings LLP, with a development potential of 3.48 million sq ft and a GDV of more than ₹3,300 crore. In addition, the company has undertaken a 5.5-acre joint development in Balagere in East Bengaluru, with a developable area of about 0.85 million sq ft and a GDV exceeding ₹1,000 crore.
As of December 31, 2025, Puravankara has completed more than 93 projects covering 56 million sq ft across nine cities, including Chennai, Hyderabad, Kochi, Mumbai, Pune and Goa. The company currently has a land bank of about 38 million sq ft and ongoing projects totaling around 34 million sq ft.